New York City Rents Ease in October, Remote Work Trends Shift Employment Patterns

Rents in parts of New York City eased in October, but an expert warns they won't return to pre-Covid levels soon. In 2022, 22% of workers aged over 20 spent a year or less at their jobs, the highest since 2006. Gen Z is even less dedicated to a single employer. Workers are expected to spend 20-25% less time in the office than before the pandemic. The golden age of remote work may be ending, with more Americans preferring remote work, leaving 20% of offices empty. 63% of U.S. workers prioritize remote work over salary and management, signaling a shift in the role of the office.